Dogecoin Still Trapped In Triangle—29% Move Brewing?

Dogecoin’s Triangle Breakout Looms After 29% Compression

Dogecoin’s four-hour chart shows a Descending Triangle that has compressed the cryptocurrency into a narrowing range, heightening the probability of an outsized move once the pattern resolves. Analyst Ali Martinez first highlighted the formation last week, noting that the distance between the descending resistance line and the flat support line spans roughly 29 percent of price. Source

Dogecoin Still Trapped In Triangle—29% Move Brewing?

A crypto analyst has pointed out how Dogecoin has remained stuck in a Descending Triangle recently, decompression from which could potentially trigger a notable move. Dogecoin Has Continued To Coil Inside A Descending Triangle In a new post on X, analyst Ali Martinez has shared a Descending Triangle pattern that has recently been forming in the 4-hour price chart of Dogecoin. The Descending Triangle is a triangular consolidation channel from tec…